Defiance Launches OUSL: The First Daily 2X Long ETF for Ouster, Inc.

About this update from Ouster, Inc.

Defiance Launches OUSL: The First Daily 2X Long ETF for Ouster, Inc. MIAMI, July 14, 2026 (GLOBE NEWSWIRE) -- Defiance ETFs today announced the launch of the Defiance Daily Target 2X Long OUST ETF (Cboe: OUSL) , expanding its lineup of single-stock leveraged ETFs designed for active traders seeking amplified exposure to innovative growth companies. OUSL is designed for traders seeking magnified, short-term bullish exposure to Ouster, Inc. (Nasdaq: OUST), an American company providing digital LiDAR sensors and perception software components for 3D vision systems used in autonomous vehicles, industrial automation, robotics, drones, and other smart applications. By seeking to deliver 200% of the daily percentage change in the share price of Ouster, Inc., the Fund allows investors to express tactical upside views on OUST within the accessibility and transparency of an exchange-traded fund. Investment Objective The Fund seeks daily investment results, before fees and expenses, of two times (200%) the daily percentage change in the share price of Ouster, Inc. (Nasdaq: OUST). The Fund does not seek to achieve its stated investment objective for a period other than a single trading day. Underlying Stock: Ouster, Inc. Ouster, Inc. is an American company providing a variety of digital LiDAR sensors and perception software components for three-dimensional (3D) vision systems used in the design and manufacture of autonomous vehicles, industrial automation, robotics, drones, and other "smart" applications. Its customers are primarily early-stage technology companies located in the Americas, Europe, Africa, and the Asia-Pacific and Middle East regions. Ouster, Inc. is listed on The Nasdaq Global Select Market and operates within the Electronic Equipment, Instruments & Components industry. An investment in the ETF is not a direct investment in Ouster, Inc. The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage, and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. The Fund pursues daily leveraged investment objectives, which means it is riskier than alternatives that do not use leverage. The Fund magnifies the performance of the Underlying Security and is designed strictly for short-term use. For periods longer than a single day, the Fund's performance will be the result of compounded daily returns, which is very likely to differ from 200% of the return of OUST over the same period. It is possible that investors could lose their entire principal within a single trading day.

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